Chart Industries, Inc. $GTLS Stock Holdings Reduced by Perpetual Ltd

Perpetual Ltd reduced its position in Chart Industries, Inc. (NYSE:GTLS) by 98.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,586 shares of the industrial products company’s stock after selling 629,616 shares during the period. Perpetual Ltd’s holdings in Chart Industries were worth $1,564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTLS. United Community Bank grew its stake in shares of Chart Industries by 364.5% in the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after buying an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 71 shares in the last quarter. Clearstead Advisors LLC raised its position in Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares in the last quarter. CI Investments Inc. lifted its stake in Chart Industries by 36.9% in the third quarter. CI Investments Inc. now owns 271 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 73 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Chart Industries by 44.8% in the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 100 shares in the last quarter.

Chart Industries Stock Performance

Shares of GTLS opened at $207.02 on Friday. The company has a market capitalization of $9.91 billion, a PE ratio of 796.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24. The company’s fifty day moving average price is $207.12 and its 200 day moving average price is $204.56.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $2.66 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GTLS shares. Wall Street Zen upgraded shares of Chart Industries to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Zacks Research lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $203.67.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.